• MG1948
    What happen to COP to get down 20%?
    5/1/12
    Reply (9)
    • Ocean Man: They split into 2 companies.
      5/1/12
    • C Meyer: Check out PSX
      5/1/12
    • uavmx: didn't realize that was happening today, figured we'd hear more before it took place. So the question is, which do you buy post split??
      5/1/12
    • losbronces: I would buy the E&P business (COP) over the refining & retail sales business (PSX).
      5/1/12
    • uavmx: I can't find it now, but I remember reading notes about the dividends. At the new share price of COP, the yield is 3.7% will that stick?
      5/1/12
    • CardiacNP: the yield is closer to 4.75%
      5/1/12
    • MG1948: We will get one share of PSX for two of COP. 1 cop stock at 56 today plus half of SPX at (half of 34) = 73 dollars. About value w/o spinoff
      5/1/12
    • uavmx: CardioNP: Okay, same question: will it stick?
      5/2/12
    • CardiacNP: from my research , from what I read the company will maintain the current div
      5/2/12